Tag Archives: paul krugman

Yisroel Pensack: Why Economists Cannot Think Clearly About Economics

The “Economix” blog at The New York Times today features an article headlined “Interest Rates and the Housing Cycle” by Casey B. Mulligan. Mulligan, an economics professor at the John D. Rockefeller-founded University of Chicago (read: citadel of privilege), treats … Continue reading

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Propping Up Alan Greenspan

The Bush administration has had an economic policy of tax cuts, deregulation, and massive government spending and deficits. Bush launched new government programs such as no child left behind and drugs for seniors. From SeattlePI.com: This isn’t Alan Greenspan’s first … Continue reading

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Fannie/Freddie Dropped Standards At The Request Of Politicians

NationalJournal: Many conservatives have gone so far as to blame Fannie, Freddie, and their Democratic sponsors for the entire meltdown. Some (not including Wallison and Calomiris) also blame the Community Reinvestment Act of 1977, which forced banks to lend and … Continue reading

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Stories About The Bailout

Paul Krugman writes: There seem to be two prevailing narratives about the bailout plan(s). One narrative is that of the Wise Men and the Destructive Yahoos. The other narrative is that of the Evil Plotters and the Righteous Uprising. According … Continue reading

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Remembering The Housing Bubble

Paul Krugman writes: Calculated Risk, in a discussion of home price declines, links to my three-year-old analysis, That Hissing Sound, which I think was one of the best pure-economic pieces I’ve done in my tenure at the Times. Of course, … Continue reading

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Home Ownership Is Not For Everyone

Paul Krugman writes in the New York Times: “Owning a home lies at the heart of the American dream.” So declared President Bush in 2002, introducing his “Homeownership Challenge” — a set of policy initiatives that were supposed to sharply … Continue reading

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